The Aaron's Company (NYSE: AAN) is up a whopping 35% in premarket on Monday after announcing a $504 million agreement with IQVentures Holdings. IQVentures values Aaron stock at $10.10 IQVentures has agreed to pay $10.10 for each share of Aaron's in cash which represents about a 34% upside on their previous close.
Aaron's (AAN) reported earnings 30 days ago. What's next for the stock?
Aaron's (AAN) benefits from a strong e-commerce business, driven by its omni-channel lease decisioning and the customer acquisition program. Its GenNext strategy and cost-reduction measures bode well.